GEOGRAPH 102 Lecture Notes - Lecture 1: Gross Domestic Product, Gross National Income, Sub-Saharan Africa
1 Oct 2018
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Document Summary
To measure the level of development of every country, the un has created the. The hdi considers development to be a function of three factors: a decent standard of living, a long and healthy life, and access to knowledge. Geographers divide the world into two developed and seven developing regions. Gross national income (gni) is the value of the output of goods and services produced in a country/year. Purchasing power parity (ppp) is an adjustment made to the gni to account for differences among countries in the cost of goods. Gross domestic product (gdp) also measures the value of the output of goods and services produced in a country/year, but it does not account for money that leaves and enters the country. Primary sector: directly extracting materials from earth through agriculture or through mining, fishing, and forestry. Secondary sector: manufacturing raw materials into products. Tertiary sector: providing goods and services to people in exchange for payment.
